Canadian Western Bank (TSE:CWB) announced a quarterly dividend on Thursday, March 8th, Zacks reports. Stockholders of record on Friday, March 16th will be paid a dividend of 0.25 per share on Friday, March 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date is Thursday, March 15th. This is a positive change from Canadian Western Bank’s previous quarterly dividend of $0.24.
Shares of Canadian Western Bank (CWB) traded up C$0.07 on Wednesday, hitting C$35.51. 79,765 shares of the stock were exchanged, compared to its average volume of 291,052. Canadian Western Bank has a fifty-two week low of C$23.68 and a fifty-two week high of C$40.83. The firm has a market cap of $3,160.00, a price-to-earnings ratio of 13.83 and a beta of 1.03.
A number of research analysts recently commented on CWB shares. Barclays downgraded shares of Canadian Western Bank from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, December 19th. BMO Capital Markets increased their target price on shares of Canadian Western Bank from C$33.00 to C$34.00 and gave the company a “market perform” rating in a research report on Friday, December 8th. Canaccord Genuity increased their target price on shares of Canadian Western Bank from C$38.00 to C$40.00 in a research report on Tuesday, January 16th. Royal Bank of Canada increased their target price on shares of Canadian Western Bank from C$36.00 to C$40.00 and gave the company an “outperform” rating in a research report on Friday, December 8th. Finally, Desjardins increased their target price on shares of Canadian Western Bank from C$35.00 to C$37.00 in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Canadian Western Bank presently has an average rating of “Hold” and a consensus price target of C$38.85.
Canadian Western Bank Company Profile
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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